Insider Buying: Jack E. Corrigan Purchases 2,000 Shares of American Homes 4 Rent Stock (AMH)
American Homes 4 Rent (NYSE:AMH) COO Jack E. Corrigan bought 2,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average price of $24.50 per share, for a total transaction of $49,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
American Homes 4 Rent (NYSE:AMH) traded down 0.67% during mid-day trading on Wednesday, hitting $16.30. 196,691 shares of the company’s stock traded hands. American Homes 4 Rent has a one year low of $15.10 and a one year high of $17.20. The stock has a 50-day moving average of $16.44 and a 200-day moving average of $16.13. The company’s market cap is $3.024 billion.
American Homes 4 Rent (NYSE:AMH) last released its earnings data on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.02. The company had revenue of $49.46 million for the quarter, compared to the consensus estimate of $50.19 million. The company’s revenue for the quarter was up 4931.5% on a year-over-year basis. Analysts expect that American Homes 4 Rent will post $0.25 EPS for the current fiscal year.
Separately, analysts at Ned Davis Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.17.
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